TT Capital Management LLC Takes $2.16 Million Position in British American Tobacco p.l.c. (NYSE:BTI)

TT Capital Management LLC acquired a new position in shares of British American Tobacco p.l.c. (NYSE:BTI - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 60,069 shares of the company's stock, valued at approximately $2,159,000. British American Tobacco accounts for approximately 1.7% of TT Capital Management LLC's portfolio, making the stock its 16th largest position.

Several other institutional investors also recently made changes to their positions in the stock. SRS Capital Advisors Inc. boosted its stake in shares of British American Tobacco by 294.9% during the fourth quarter. SRS Capital Advisors Inc. now owns 703 shares of the company's stock valued at $26,000 after acquiring an additional 525 shares during the last quarter. Kohmann Bosshard Financial Services LLC acquired a new position in British American Tobacco in the 4th quarter valued at $27,000. Versant Capital Management Inc purchased a new position in shares of British American Tobacco during the 4th quarter worth $34,000. Cullen Frost Bankers Inc. grew its position in shares of British American Tobacco by 334.4% in the fourth quarter. Cullen Frost Bankers Inc. now owns 1,099 shares of the company's stock valued at $40,000 after purchasing an additional 846 shares during the period. Finally, ORG Partners LLC increased its stake in British American Tobacco by 35.1% in the fourth quarter. ORG Partners LLC now owns 1,151 shares of the company's stock valued at $42,000 after purchasing an additional 299 shares during the last quarter. 16.16% of the stock is currently owned by hedge funds and other institutional investors.

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British American Tobacco Trading Up 0.7 %

BTI traded up $0.28 during trading on Tuesday, hitting $42.29. 4,729,982 shares of the company's stock were exchanged, compared to its average volume of 4,668,036. The stock has a 50 day moving average price of $40.37 and a 200 day moving average price of $37.90. British American Tobacco p.l.c. has a 1 year low of $28.25 and a 1 year high of $42.74. The company has a current ratio of 0.76, a quick ratio of 0.58 and a debt-to-equity ratio of 0.65. The firm has a market cap of $87.51 billion, a P/E ratio of 8.68 and a beta of 0.38.

British American Tobacco Announces Dividend

The business also recently disclosed a dividend, which will be paid on Monday, May 12th. Shareholders of record on Friday, March 28th will be given a $0.7491 dividend. The ex-dividend date is Friday, March 28th. British American Tobacco's dividend payout ratio (DPR) is presently 60.57%.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on BTI. UBS Group raised shares of British American Tobacco from a "neutral" rating to a "buy" rating in a research note on Monday, January 27th. StockNews.com upgraded British American Tobacco from a "hold" rating to a "buy" rating in a report on Monday, February 17th.

About British American Tobacco

British American Tobacco p.l.c. engages in the provision of tobacco and nicotine products to consumers worldwide. It also offers vapour, heated, and modern oral nicotine products; combustible cigarettes; and traditional oral products, such as snus and moist snuff. The company offers its products under the Vuse, glo, Velo, Grizzly, Kodiak, Dunhill, Kent, Lucky Strike, Pall Mall, Rothmans, Camel, Natural American Spirit, Newport, Vogue, Viceroy, Kool, Peter Stuyvesant, Craven A, State Express 555 and Shuang Xi brands.